Lowe’s Companies (NYSE:LOW) Price Target Lowered to $269.00 at Piper Sandler

Lowe’s Companies (NYSE:LOW) had its price target decreased by equities research analysts at Piper Sandler from $296.00 to $269.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the home improvement retailer’s stock. Piper Sandler’s price target suggests a potential upside of 18.45% from the stock’s previous close.

A number of other research analysts also recently weighed in on LOW. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Sanford C. Bernstein increased their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Bank of America lowered their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada cut their price target on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Finally, Truist Financial lowered their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $279.71.

Lowe’s Companies Trading Up 0.4 %

Shares of LOW opened at $227.09 on Monday. The stock has a 50 day moving average of $247.99 and a 200 day moving average of $257.88. The company has a market capitalization of $128.23 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies has a 12 month low of $211.80 and a 12 month high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, equities research analysts predict that Lowe’s Companies will post 11.9 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in Lowe’s Companies during the fourth quarter valued at approximately $1,842,954,000. FMR LLC lifted its holdings in shares of Lowe’s Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after acquiring an additional 2,399,897 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Lowe’s Companies by 350.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,373,460 shares of the home improvement retailer’s stock worth $585,770,000 after acquiring an additional 1,846,315 shares in the last quarter. Raymond James Financial Inc. bought a new position in Lowe’s Companies in the fourth quarter valued at $314,435,000. Finally, Strategic Financial Concepts LLC raised its position in Lowe’s Companies by 24,531.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after purchasing an additional 1,223,116 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.